Bank of Canada weighs inflation target increase

Agathe Côté

The Bank of Canada (BoC) is reviewing the feasibility of raising its inflation target above 2%, Agathe Côté, a deputy governor, has confirmed.

Such a move would mark a major policy shift in the developed world, where conventional central bank policies continue to be hobbled by the zero-lower-bound (ZLB) six years after the financial crisis.

It would also mark a complete reversal of the thinking that dominated the BoC's research on monetary policy just three years ago. "The bank's research leadin

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